Malaysia to widen 1MDB probe to BN parties, politicians

Former prime minister Najib Razak speaking to the media after being questioned by the Malaysian Anti-Corruption Commission at its headquarters in Putrajaya on May 24. The probe into flows of funds from 1MDB is being carried out by regulatory agencies
Former prime minister Najib Razak speaking to the media after being questioned by the Malaysian Anti-Corruption Commission at its headquarters in Putrajaya on May 24. The probe into flows of funds from 1MDB is being carried out by regulatory agencies under the sweeping Anti-Money Laundering Act.PHOTO: BLOOMBERG

Move could have far reaching consequences and cut Barisan's numbers in Parliament

Malaysia's new government has widened its investigation into state-owned 1Malaysia Development Berhad (1MDB) to cover flows of funds to parties in former ruling coalition Barisan Nasional (BN), in a move that could have far-reaching ramifications for the country's political landscape.

Senior government officials and financial executives told The Straits Times that investigators are looking into money flowing from companies tied to 1MDB and fund transfers from former prime minister Najib Razak's private accounts to key BN partners and politicians.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on June 21, 2018, with the headline 'Malaysia to widen 1MDB probe to BN parties, politicians'. Print Edition | Subscribe